I haven’t written about China in a while. Pressed for time, I thought that I would share a recent 60 Minutes piece that nicely summarizes my thoughts about this market. It is a constant source of amazement to me that people don’t realize that this is going to end badly. Very badly.
As to China’s recent, very public corruption cases, this is another case of truth being stranger than fiction. Here is the fictional version from Casablanca.
Roger Barris, London